>> live from pier three in san francisco, welcome to "bloomberg west." i am brownstone. here is a check on your bloomberg top headlines. a major takeover could be coming in generic drugs. mylan has offered to buy a pair of growth for nearly $29 billion. the offer is a 25% premium over para go's tuesday closing price. jericho makes a range of products including nasal sprays and skin gels. it is the biggest oil and gas deal in more than a decade.

shell is buying bg group $470 billion in cash and stock. the deal will push shell further into developing natural gas with oil prices following. here is the ceo. >> the way we would look at it if you look at the combination of the two companies, what we could do with the fantastic assets that the jihad, with our capabilities applied to them, we simply saw more value in the combination than the market. pimm: the deal -- brad: the deal is not expected to add to earnings per share until 2017. crude falls again today after a government report said u.s. oil stockpiles increased by 11 million barrels last week hitting their highest level since 1930. meanwhile, the energy information administration says oil could fall to just $15 a barrel if sanctions on iran are moved -- removed. the greek prime minister said in moscow today, meeting with

russian president vladimir putin ts. ipras opposes eu sentient on russia. trade between the nations has dropped by 40% last year due to sanctions on greece's economic problems. tesla is shuffling its lineup. the electric carmaker is dropping its cheapest car and is replacing it with a version called the 70d. it will start at $75,000, about $5,000 more than the s60. now to the lead. apple has a lot riding on the watch. the company's first entirely new product since the ipad in 2010. while it doesn't hit stores until it will 24, the first reviews are coming up today. adjustable ski spent a week with the new watch and can tell you if it is worth your money. >> the apple watch is a huge

release for the company. it is the first new product may have made since the ipad and the death of seeing jobs. the watch is gorgeous in a surgical sterile, sci-fi kind of way. just like any apple product, it is not about good looks alone. this thing is packed full of advanced technology. for instance, the display has a new type of pressure sensitivity the company calls for touch which response to not just where you touch on the display but how hard you press. also when you get a notification on the watch, you feel an intense buzzing and sometimes like a tapping of a dell, and that is thanks to the engine which controls vibrations on watch. most importantly, there is the digital crown, which is a new navigational method apple created to mimic the crown on a regular watch but you use it for moving through lists selecting options in apps, and zooming in and out of photos and maps. but of course, the apple watch is also a watch.

and it does the job of telling you the time just sometimes not when you want it to. there are sensors in the watch that tell it when to turn on the screen and when to turn off. sometimes when you bring it up to your face to check the time it works perfectly. every once in a while, it does not turn on and that can be completely maddening when you just want to know what time it is. it is a really beautiful well-designed, really effective apple product. if you love apple products and use a bunch of them, this is a great companion but it will not make you a better person or change or life or change how you look at the world. it is a great accessory, and maybe that is enough. brad: now let's continue this conversation from the luxury accessory perspective. we are joined by stephen in new york, an associate editor of the bloomberg luxury section. you have read the reviews today. the apple watch comes out in about two and half weeks.

do you feel like the case has been made for people to buy not only a smart watch, but the apple watch? >> but we can see from the reviews is that apple did produce a great piece of hardware and they have created software that is at least interesting, if not immediately valuable. whether that is enough to make people to go out and buy a watch right away, that is yet to see. brad: it seems like the central proposition of the watch is that it makes our lives employer this idea of glance-ability, that we do not have to pull the smartphone out of our pockets that it distills the information into an accessible way. do you buy that, do you think the watch makes our lives easier ? >> it can make accessing certain things easier but the onus is on the user to be accountable for their own information. if you are the kind of person that will constantly be checking it, you will not be the person who is constantly looking at their watch. if you don't control which notifications go to your watch

it can be a complete problem. you can really be inundated with a flood of notifications. brad: the message i took from the reviews today was that there was a learning curve for the apple watch. it is remarkable, isn't it? a watch is the simplest piece of technology there is a now people are paying for a device where you actually need a few days to understand it. stephen: it is true. i have only spent a brief period of time getting a handle on it but the combination of touches, forced touches, using the digital crown, it is not intuitive. you will really have to spend time and find a way to incorporate it into your life if you are going to make it work for you. brad: if you are an executive in the luxury march -- watch market right now, what are you thinking as you read these reviews, are you scared? stephen: i don't think so.

i don't think anyone is worried that this is coming for their product yet, but they do see echoes of what happened with inexpensive quartz watches coming out of japan in the 1970's. they want to make sure that they are getting out ahead of this instead of finding monday that their business model does not work. brad: what does that mean particularly if they are not technology companies? stephen: at the basel worldwatch fair last week in basel, we sought tackle your announce a partnership with google and intel. it will run some kind of variation on android market will be built with intel chips from the ground up. brad: last question, from a style perspective, has a apple cleared the bar? is this pretty enough for people to wear? stephen: if you are a fan of sleek metal, i think so. definitely the most attractive wearable, smart watch out there. you will not have a problem like you did with google glass. for lovers of traditional

watches, mechanical vintage watches, it is a completely different aesthetic. brad: thank you very much. , on-demand services here it are they making us more productive or lazy? and later in the hour, we meet al fred, the butler that manages all of these on-demand services. ♪

brad: i am brad stone, this is "bloomberg west." instant convenience. there are thousands of apps with this goal in mind, so how is it changing our society? instagram is a smash hit now but it almost did not come about. and a check on today's top headlines. at&t has agreed to pay a $25 million fine to u.s. regulators after an investigation found workers at call centers in

mexico, colombia, and the philippines improperly disclosed personal data on almost 280,000 customers. the fcc says names and social security numbers were passed on to third parties. germany's privacy regulator has rejected most of google's appeal and has ordered the company to limit the collection of personal data. this decision prevent google from providing -- combining user data that would allow them to determine marital status personal preferences, and more. a spokesperson says google is reviewing what steps to take. google's youtube is adding tools to improve and on mobile devices thanks to a new feature. advertisers can highlight related content during youtube videos. all video ads will also limit clickable links to boxes near the end of the player. and our guest host today is om malik, partner of true ventures. for the rest of the hour, we

will be looking at the rise of on-demand service economies and how the started of have impacted our lives. do we need all of these apps to offer instant gratification, and how much time do we actually save? we will speak with a few startups. welcome back. om: thank you for having me. brad: we have cover the valley since the 1990's. the latest craze is the on-demand economy. are you a believer? om: i am definitely a customer. i have been a believer in the on-demand economy for a long time. there is a lot to it but there are a lot of things which are not write about it. brad: let's define our terms here because it will govern the conversation. when we say the on-demand economy, we mean pushing a button on your phone and summoning usually a physical service like an uber or groceries. om: in my case usually uber or f

ood. brad: there is a company called magic, and a text -- you can text them anything, and they do it. i guess they raised money from sequoia. are we seeing signs of access -- excess in the on-demand economy? om: that is a polite way of saying that there is a level of insanity out there. brad: what are the tailwinds propelling this market? the emergence of smartphones is one. om: the smartphone is the driving force behind all of these on-demand services. it makes it relatively easy for us to quickly order and consume things, and it reduces the friction in the process, which is why i like the convenience of it. but there is a little bit of a dark side to it. somewhat like groupon. there were all these deals coming our way, but we only have

so much money to spend. there is only so much money you have to spend on all of these all demand -- on-demand services. it will be interesting to see when these companies run into that wall. brad: the website median recently done to this they shut in economy. isn't propelling a laziness on behalf of users, or is that unfair? om: i think the san francisco tech scene has always been a shut-in economy. people have ordered in. i have lived here almost 14 years. that is prevalent behavior. brad: it is an open question whether any of these services has extensive appeal outside of san francisco. certainly, uber has shown there is tremendous appeal. om: urban cities have a lot of potential. new york has proved, over many centuries that there is a market for on-demand services. i think the bigger cities will

be an interesting one. l.a., i'm not so sure. i try to order food and they canceled it because there were traffic jams and the distances were too much. but if there are urban cities which are very dense, these kinds of services make a lot of sense. brad: this is the first time you have been on the show since the untimely demise of gigaom, the website you found it. i like to hear your reaction. om: we did not have on-demand service, that was the problem. [laughter] i think we tried a lot of interesting, new things. startups are risky. nine out of 10 fail. we were one of the nine. brad: but you will continue to blog? om: yes a sports man has to play. i have to blog. i have a personal blog now called om.co where i guess i will resume a lot of the writing that i used to do.

mostly analysis and context, not news. it will be a supplement to my day job, which is working at true ventures. so be it, going forward. brad: thank you for joining us for this discussion about the on-demand economy. stay with us. coming up next, we look at the apps taking care of every need in your life so you don't have to. also, how do on-demand apps create customer trust and how hard is it to get a u.s. work visa in silicon valley? ♪

brad: this is

"bloomberg west." imagine never running out of food or not having to clean your socks. what if you never had to know if any of these people who provide the services? this is the on-demand economy, a range of instant services that encourage people to feel less guilty about asking for help. here to talk about how the services are changing the way we live our the ceo of the alfred butler app, and here in the studio, the cofounder of sensei. ask for joining us. crystal you first and then marcella. tell us about your companies p what does sensei do? >> we provide online help. anything that a human can help you with right now. brad: you can text a question and you will funnel that out to the proper person. >> we have seen things like i need help studying for my exams,

or i need to get a photographer and event, or i'm looking for an underground concert that few people know about. all of those things can be handled quickly on sensay. brad: does it help you to be a superhero? >> that's right, that is why we call it that. om: to be clear, these services will do anything i asked them to do. i have a problem in, let's say, doing my homework. do i get an answer? >> anything that a human could help you with. sensay is really around knowledge work rather than busywork. definitely. om: you have to pay for it? >> currently, no. you can transact basically using karma. brad: you are interfacing with

other on-demand services p what are the advantages of aggregating these services and creating one portal to get your groceries or have your cleaning picked up and then returned? >> we don't think of it as aggregation but as being a controller where we are curating the best services are you. it is our responsibility to find the best services and provide them in a completely fresh in this way. what is most interesting is written is really beyond on-demand and about anticipating you and learning your routine and getting smarter. you get your very own alfred who visits every week. you may order groceries oninsn instacart, we do that for you and put them in your fridge. we have lots of different on-demand services. om: is this machine-generated activity or are there actual humans involved in using alfred? >> great question to software

can get united percent of the way there, but the last 10%, it is so important to have a human who you trust and who you have a relationship with who is getting smarter every week especially since in our business, our customers trust us in their home. we think of this more than just on-demand delivery. it is about having things there before you need to ask. imagine having an uber driver waiting for you before you press the button. brad: is sensay a technology company? >> we are a human company. we are looking at assets which are currently not being monetized, your mind. the most valuable thing you have. you can monetize your apartment on airbnb, you can rent out your car, but currently we have no way to transact information. om: the question i have for both of you is how do we ensure privacy? you just talked about at&t being

fined by the fcc for privacy violations third parties giving out data of their customers. how do we do that with all the services, which have human intervention? there is a lot of private information, what you order, credit cards, a lot more rich data of us is with these startups. how are you protecting us from that? >> we protect you by being completely anonymous. sensay runs on anonymity. we know everything that you know. we look at a variety of factors to figure out who the right person is to talk to. but a one-on-one format is that we are providing. currently, everything is completely protected. brad: do you want to take a crack at that as well? alfred potentially knows your customers locations and more. >> this is another great argument why you want a single

point of contact like alfred instead of having 20 apps on your phone. you have one sign-up form and you trust us with all of your information. we have the security in the sense that we are not only retaining and holding information and not sharing it with anyone, but this is a human that is interacting and knows you. it is the same person we cap week. you have a relationship with them and they are background credit, identity check. om: who are the people using these apps, what is the demographic profile? >> we have an awesome community of people in college -- that is the example i gave. as well as anyone who is using on-demand services. we provide a layer of -- the ability to learn what is out there as well. you said that there were thousands of these on-demand services, and there are many of them. we have seen things like i need booze for my party delivered.

that is something -- hard to discover, but you can find through sensay. brad: thank you both for joining us. ♪

>> after two days of deliberation, the jury has reached a verdict in the trial of dzhokhar tsarnaev, accused of setting up the bomb at the boston marathon two years ago. we don't know what it is so far, only that they have reached a verdict. jurors are weighing 30 counts against him, including 17 that could lead to the death penalty in a later phase of the trial. it is pretty much all but certain that he will be found guilty of committing many of these crimes he has been charged with because his lawyer basically admitted that he fully participated in the bombing. the defense strategy was to convince jurors that his brother was the driving force behind the attacks and he kind of aided and

participated with his brother. we do not have the verdict yet that we will give that to you as soon as it crosses the wires. in the meantime, let's go back to "bloomberg west." brad: this is "bloomberg west" where we focus on innovation technology, and the future of business. let's check out some of our top headlines. my land has made an offer for generic drugmaker para go for nearly $24 billion. the board will be meeting to discuss the proposal. meanwhile, shell has agreed to by bg group in the largest oil and gas deal in more than a decade. shell is paying $70 billion in cash and stock. here is the ceo on transcanada on whether more deals will happen with the club of oil prices. >> deals like this will be logical in this kind of environment. we have seen this kind of cycle before where we see consolidation of the industry. then we see the consolidation at

other points in the cycle. it is a natural evolution of where we are at the current time. brad: wti crude is down 50% in the past year. procter & gamble is moving forward with plans to sell some of its beauty brands. they have contacted possible bidders for it hair care cosmetics, and fragrance units. people familiar with the matter say companies contacted include revlon, unilever, and henkel. super pac's affiliated with republican candidate ted cruz are expected to raise $31 million by friday, less than one week after launching according to an associate of the senator. there are no known cases where an operation backing a white house hopeful has bank this much money in less than one week. hackers back by the russian government are believed to have hacked into a nonclassified white house computer network last year. a person with knowledge of the investigation said malicious code and other evidence points

to state-sponsored russian hackers. that person said the attack was likely in retaliation for u.s. sanctions over russia. the company that owns the popular hello kitty cartoon character is investigating whether the data of more than six thousand shareholders was leaked. the information may include names, addresses, and phone numbers of shareholders who participated in an online rewards program. sanrio says some participants received investment offers from an unauthorized third party. the on-demand economy has made life easier for people everywhere, but as we let people into our homes and drive our cars, how do companies safeguard their customer paul privacy and security? joining me are the ceos of two on-demand services. the ceo of handy, a service that allows you to book home cleanings and handiwork. here in the studio we have the ceo of an on-demand app that

parks or car for you in san francisco. of course, we have om malik. i would love to hear from both of you, how you solve the trust problem. 20 years ago ebay created a pretty effective trust network. that was for online transactions. the worst that happened was you got defrauded. then ebay made you hold. today, we are giving our car keys to sell it to park the car. how do you trust that relationship? >> we provide as much information as we can. when you use our service, you can see the face of the valet. there is basically building a brand like uber. they built this brand and we are building it, to0o. brad: how does hand is all the same issue, you are setting professional to people's homes. >> think about every service you

need in your home, from cleaning electricians carpenters, that also it's on a foundation of trust. we do the dark run checks on every service professional we put on the plot arm, we make sure we provide over $10 million in insurance coverage on every transaction. that has allowed us to grow incredibly over the last year and a half. we are at a place where we are doing over 100,000 bookings a month on our mobile app, and that is what drives the trust platform. dark run checks on every service professional we put on the plot arm, we make sure we provideom: on the handy thing, i use a maid service the same one that i have use for almost a decade. i wonder -- and there is a relationship there. i know whom i made is. i am ok with her being in my apartment come in my bedroom. there is a lot of stuff there. andy or any such surface -- service --handy or another service could send different

people. forget that you are classified by the company. it is a little hard to trust a stranger in your home. that is one of the main reasons i have not used any of these services. >> you are absolutely right. people enjoy the idea of having that relationship with their service professional. we allow that same person to go back again and again. we see 50% of customers making a booking with the same cleaner or handyman over and over. it is not a case where we are trying to change the existing dynamics. we are trying to make it easier for people to do what they are already doing in their homes. brad: of course, that is not something that you can provide. there will be a different person parking your car every time you order. >> yes but usually we have the valets in front of the same places. we are more of a destination business, so we have ballets in front of certain restaurants

these are restaurants that trust us. they are also background check. brad: are your ballets employees or contractors like uber? >> contractors. >> we use 1099 contractors to fulfill our jobs. om: the challenge for a lot of these companies is finding people to work for you. there are four or five ballet startups in san francisco. how do you find these people to work for you, how do you retain them in order to keep growing? >> first of all, we only work during the nighttime. it is perfect because it is a perfect part-time job. we have these kinds of people. people make good money with us.

they make up to $30 an hour because there are a lot of cars. they like working with us. brad: we have to leave it there. hand any and vatler ceo's, thank you. ♪ a look into how startups are changing the way you eat in her.

brad: let's get a check on bloomberg's top headlines. the shanghai composite index weekly cross the 4000 mark for the first time since 2008. the benchmark equity gauge later pared gains but it -- 15 months. china's central bank has cut interest rates twice since november and analysts are expecting further easing. shares of alibaba have soared in hong kong to a new high after

its parent company said it considered injured in some of its entertainment assets into the unit. alibaba may fold its movie ticket business and a crowdfunding platform into alibaba pick yours. mcdonald's posted its 14th consecutive months of decline in sales in japan. the number of customers in march fell more than 23%. this new ad is not helping. >> [speaking japanese] brad: many in japan have called the ad dirty, gross, and unappetizing. now let's turn back to our special look at the on-demand economy with om malik of true ventures. this time we are talking about food. on-demand services are transforming the food industry providing everything from her favorite restaurant dish to farm fresh eggs.

the business of perishables provide a number of challenges. munchery's ceo is with me now. thank you for joining us. we live in this amazing surplus economy of on-demand food startups. tell us how you are different. >> we have our own culinary staff. we do not deliver the food from local restaurants. we have our own staff of talented chefs who work and cook us amazing menus, changing daily and exciting things to customers. om: you think you can compete with chipotle and roundtable pizza and all of these fast food establishments as an entity? >> we are different in that the food that we focus on our wholesome meals, balanced deals and it is a daily changing menu. we have a system where the customer can tell us what they like or don't like. we cater to the local crowd with

a local culinary team. brad: give us a snapshot of the logistics challenge that is delivering fresh food to people's doorsteps. >> it is difficult. especially with the on-demand service where we have everywhere in an urban environment we have this on-demand service where you can get it in 30 minutes. there he difficult. we have a team of technologists that right special algorithms and apps for our drivers to do the best they can in the most efficient way possible. om: what are the big challengers of you guys? i am a customer of yours. it is a great experience the food shows up as advertised, but what are the challenges that you have as you expand to new york or l.a. or these other cities? >> a lot of it is execution challenges. as our demand is growing rapidly, keeping up with demand

keeping up with production volume maintaining high-quality and the level of service. whether it is delivery service or the quality of the food, that is just an execution challenge. we think we know how to do that pretty well now but we have to continue fine-tuning that operation. om: one of the things which i never liked about uber was they would say they would show up in three minutes and they show up in seven and you get angry about it. that expectation of showing up within a specific period of time is what enters you to a service. how do you do that, given that -- you also have a very narrow window. the difference between munchery and a cable guy is very thin. >> the way we get around it is we tell the customer the precise eta before they place the order. as soon as they place the order, we update that, we show the location of the driver once he or she is on their way to you.

you see the location moving on the map unit similar to goober in many ways. that takes away a lot of the object ability. brad: are you profitable in san francisco? >> we are doing well here in san francisco, yes. brad: you are convinced this model is effective and scalable? >> absolutely. no there is demand because we control the production of the food. we want to make it at a price point where people can use us on a day-to-day basis, not an expensive offering that is only once in a while. brad: last question, the trash. i am a user but i feel there is a lot of reps use after. are you working on that? >> we are working on our containers to be fully recyclable or compostable. just like you did a piece of meat and there is a bone remaining, you can toss that in the compost bin. that works really well. brad: munchery ceo tri tran,

thank you. instagram may never have been if its cofounder was not able to secure a u.s. visa. ♪

>> from bloomberg world headquarters in new york, this is "bottom line" we begin this wednesday afternoon with breaking news. there is a verdict in the second day of jury deliberations in the boston ma -- marathon bombing trial. we are waiting for that murder to be announced. lawyers for dzhokhar tsarnaev admitted he took part in a 2013 attacks which killed three people and wounded more than 260 others. they try to convince the jury that the attack was masterminded by his brother who was killed by police. the trial is now going to the penalty phase where tsarnaev could receive the death penalty.

prosecutors had asked the jury to convict him at the end of the trial which began with the defense lawyer conceding his guilt. tsarnaev's attorney use the proceedings not to contest whether or not he helped his brother killed three and injured hundreds in the attack, but to set the stage for the penalty phase. the former college student also accused of fatally shooting a police officer in the days after that bombing faces a possible death sentence the same boston jury will decide punishment if he is convicted. the u.s. attorney -- assistant u.s. attorney told the jury monday in federal court in boston, "the defendant brought terror to backyards and two main street. the defendant thought his valleys were more important than the people around him." tsarnaev chose what the assistant da called a family day. he chose a day when the eyes of the world would be on boston.

as i mentioned, 260 people were injured when two homemade bombs exploded near the boston marathon finish line on april 15 2013, patriots' day in boston. since then, residents of boston have been transfixed by this trial deciding whether or not he would receive death or whether he would receive life in prison. four witnesses testified for the defense compared to 92 for the u.s. government. guilty verdicts, as we have said, are almost certain, since the defense concedes tsarnaev's guilt. his defense attorney admitted guilt on the first day of trial with a simple declaration, "it was him." again, we are waiting that official verdict from boston in the boston marathon bombing case. the prosecutor as we mentioned asking jurors at the beginning of the trial that learned i

have had admitted guilt in that, but now it is on to the penalty phase. do we have our reporter there? we are working on getting set up . tom maroni is our reporter in boston. as you can see some of the video that was shown to members of the jury during the trial showing the moments leading up to that bombing when three ago were killed and over 200 others were wounded. these are native brothers you see their circled for the jurors and the witnesses to see. then that tragic explosion on patriots' day, one of the most recognizable evidence in the united states. the boston marathon, one of the premier marathons in the world along with the new york city marathon. there you see the explosion, the scramble at first. we can recall from 2013, a lot of people who were there were stunned. they did not know what was going on. there was some confusion, and

then a second explosion. as you saw in the first video, lots of people running for their lives. they did not know what was going on. then the second blast, several people were hurt dozens hurt. the official tally was 260 injured and three people killed. we do have shots -- this was a manhunt, as you will recall, it went on for several days. i recall being on the air that night with my former colleague trish regan. there were several times when the police were scouring the neighborhood. this was after the bombing also after that one security guard, the police man was shot and killed, and then another man was carjacked. he was held up at a local gas station. one man was carjacked and then

the manhunt continued to a local neighborhood, where they found the tsarnaev brother who was hiding in someone's backyard in a boat. he had been shot by police. they cornered him and were able to arrest him. then of course, the long drawn out process that has gone on for two years this month, as a matter of fact, until he was arrested and formally charged. we are waiting for the verdict. the boston bureau chief tom maroni is with us in boston. as i mentioned, this is something -- it has been two years that folks in boston have been waiting for some sort of resolution. what can you tell us about what the city is going through for the past two years? >> it is hard to describe the feeling. there were a lot of people, and i said this to friends outside the city. a lot of people who have really put this aside, but this out of the memory.

there are a lot of us who peak in every day, the 16 days in the courtroom. we were transfixed by what happened. this is closure, this is the end . we have had a long, hard winter up here. people are just eager for the warm weather, for this trial to be over, and for the new marathon on april 20, it is a fresh start. that is the feeling i get being in the city. mark: the fear that gripped the city after the bombing, and as i mentioned, after one of the premier sporting events in the world, how is boston able to regroup? it has been two years. >> again it has not been amnesia but we have kind of put it out of our minds. those days were so scary, not just the bombing. then you remember in the days that followed there was this awful, bunkley, botched getaway

where an m.i.t. police officer was gunned down in cold blood and these two brothers allegedly -- we still have to say that -- carjacked a gentleman in his mercy 80's who were trying to get out of town. at that point in time, the whole city just shivered with the fear of where is this going, is this part of a larger fiasco that we do not know about? i remember reporting that night. we went to the hospital early in the morning where the younger brother who survived, the one on trial right now, was taken. we were wondering, dead or alive? there was a doctor that came to the press conference at about 5:00 in the morning. he lives in watertown, where this all occurred. he said i was there reading a book, relaxing for the night. he started to hear the gunshots the chaos. so this literally touched a man who would later be a caregiver for one of these folks.

for me, that moment really symbolized what the city had gone through and how it had touched so many people, and the shutdown on that friday when the governor locked down the city. these are images we will not forget. mark: tom, the sense that boston has, two years on now, the defense strategy, the defense strategy was to admit in open court, we are not going to challenge this. he did this along with his brother. now the defense strategy was more or less to spare his life. tom: if you watch this with any consistency, you saw the defense was trying to show a pattern. the older brother tamerlan they said his fingerprints were on the gun that killed sean collier, the police officer. the carjacking victim himself testified that tamerlan was the

one that forces way into the vehicle. he was the one that bought the pressure cooker bombs, the one that don't bombs. this, according to the defense attorney for the younger brother. the one thing that could not explain away was dzokhar had gone to a friend we before and borrow the gun. he kept saying, can i have my gun back? joke are always had an excuse. the pattern fits rather nicely for the defense to say the older brother did all this, was the mastermind, but that gun becomes the exception. mark: tom maroni joining us this afternoon, thank you for your input and recollections of two years ago this month. the boston marathon bombing. a federal court jury has reached a verdict in the death penalty trial of the boston marathon bomber dzhokhar tsarnaev. that verdict is expected to be announced shortly in federal court in boston.

lawyers and survivors of the bombing arethe verdict reached this afternoon after a little more than 12 hours of deliberations. we will continue to follow this and bring you the verdict when we get it. now more breaking news -- the federal reserve releasing the minutes of the federal open market committee. mike mckee joins me with the details. michael: this is probably not going to change anybody's assessment of the fed's rate increases. it's more of a discussion and the issues and assessments are pretty much what you would expect. there were widespread reports of growth in the first quarter partly reflecting the winter weather and labor disputes at the west coast ports. several disciplines noted the dollars --